Kopran Ltd: Promoter group to increase stake by 4.18% via inter-se transfer, slated for completion by September 1, 2025.
Shares will be transferred from Hridai Somani, Jaya Somani, Nupur Somani, Mridula Somani, Adarsh Somani, Suhrid Somani, Susheel G Somani, and Kumkum Somani to Varun Somani, Vadana Somani, and Surendra Somani. Also included are persons acting in concert, such as Oriental Enterprises Partnership Firm, Panaroma Finvest Private Ltd., Parijat Shipping and Finale Limited, and Sarvamangal Mercantile Company Ltd.
The rationale cited for this transfer includes settling family disputes, maintaining peace, resolving differences, addressing inequalities within the family business, and safeguarding family property, aiming to avoid litigation and protect family honor.
The promoter group is leveraging the exemption provided under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, allowing the transfer without triggering an open offer.
The acquirers affirmed adherence to disclosure norms outlined in Chapter V of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, and compliance with conditions specified under Regulation 10(1)(a) concerning exemptions.
Details of the shareholding changes are as follows:
| Shareholder Category | Before Proposed Transaction | After Proposed Transaction | ||
|---|---|---|---|---|
| No. of Shares / Voting rights | % w.r.t total share capital of TC | No. of Shares / Voting rights | % w.r.t total share capital of TC | |
| Acquirer(s) and PACs (other than sellers) (*) | 1,10,16,035 | 22.81 | 1,30,32,020 | 26.99 |
| Oriental Enterprises Partnership Firm | 17,64,750 | 3.65 | 17,64,750 | 3.65 |
| Panorama Finvest Private. Ltd. | 38,00,000 | 7.87 | 38,00,000 | 7.87 |
| Parijat Shipping and Finale Limited | 9,11,109 | 1.89 | 9,11,109 | 1.89 |
| Sarvamangal Mercantile Company Ltd. | 29,02,951 | 6.01 | 29,02,951 | 6.01 |
| Surendra Somani | 4,10,075 | 0.85 | 9,36,610 | 2.00 |
| Vandana Somani | 6,92,650 | 1.43 | 9,64,650 | 2.00 |
| Varun Somani | 5,34,500 | 1.11 | 17,24,950 | 3.57 |
| Seller (s) | 20,15,985 | 4.18 | Nil | Nil |
| Hridai Somani | 1,16,900 | 0.24 | Nil | Nil |
| Jaya Somani | 2,58,500 | 0.54 | Nil | Nil |
| Nurpur Somani | 2,70,000 | 0.56 | Nil | Nil |
| Mridula Somani | 7,88,400 | 1.63 | Nil | Nil |
| Adarsh Somani | 1,81,250 | 0.38 | Nil | Nil |
| Suhrid Somani | 93,300 | 0.19 | Nil | Nil |
| Susheel G Somani | 2,72,000 | 0.56 | Nil | Nil |
| Kumkum Somani | 35,635 | 0.07 | Nil | Nil |
Transaction is expected to be completed by September 1, 2025.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
